India’s top executives in NEOM to identify partnership opportunities

India’s top executives in NEOM to identify partnership opportunities
The Federation of Indian Chambers of Commerce and Industry arrives in Saudi Arabia's NEOM on Feb. 20, 2024. (FICCI)
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Updated 21 February 2024
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India’s top executives in NEOM to identify partnership opportunities

India’s top executives in NEOM to identify partnership opportunities
  • FICCI-led delegation is visiting Saudi Arabia from Feb. 18 to 21
  • In NEOM, they met executives responsible for all ongoing projects

NEW DELHI: A delegation of chief executives from India’s top business body has visited NEOM to identify opportunities for cooperation under Saudi Arabia’s Vision 2030.

The Federation of Indian Chambers of Commerce and Industry is leading the delegation of CEOs and government officials to the Kingdom this week as businesses want to tap into the possibilities posed by Saudi megaprojects, including the flagship multibillion-dollar NEOM smart city.

“As the first Indian delegation to NEOM, comprising both private and government representatives, led by FICCI President Dr. Anish Shah, our members were looking for business opportunities for Indian companies,” FICCI Secretary General S.K. Pathak told Arab News.

“Many business deals would be the specific outcomes from this delegation visit to NEOM.”

Saudi-Indian ties gained new momentum last year throughout India’s presidency of the G20 and after the state visit of Saudi Crown Prince Mohammed bin Salman in September, during which officials signed an accord to boost mutual investment.

The delegation is visiting Saudi Arabia from Feb. 18 to 21 and has already held talks with Saudi Arabia’s Investment Minister Khalid Al-Falih, Energy Minister Prince Abdulaziz bin Salman and members of the Saudi-India Business Forum.

“The FICCI CEOs delegation met with the senior most ministers and large businesses in Riyadh on Feb. 19. The Saudi-India Business Forum with large businesses was very productive for CEOs on both sides. Now we shall leverage the warm ties between our countries and get into specific projects and investment and trade partnerships,” Pathak said.

“At least five specific areas in infrastructure, construction, energy, tourism and mobility are going to attain closure soon.”

In NEOM, he added, there were “trillion-dollar opportunities” at its numerous ongoing projects.

The delegation has met NEOM leaders and executives responsible for projects such as The Line linear smart city, the floating Oxagon city, the Torjena futuristic ski resort, TONOMUS — the world’s first ecosystem of cognitive technologies — and ENOWA, which leads the development of NEOM’s sustainable energy and water systems.

“We met NEOM leaders of all the above. FICCI and NEOM would be in regular touch for specific projects,” Pathak said.

“With top-level ties between PM Narendra Modi and the crown prince paving the way for people-to-people and business-to-business contact, we at FICCI foresee a very bright future for the next decade.”


South Korean leader urged to resign or be impeached after imposing sudden martial law

South Korean leader urged to resign or be impeached after imposing sudden martial law
Updated 59 min 11 sec ago
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South Korean leader urged to resign or be impeached after imposing sudden martial law

South Korean leader urged to resign or be impeached after imposing sudden martial law
  • Yoon abruptly imposed martial law Tuesday night, vowing to eliminate “anti-state” forces after he struggled to push his agenda in parliament

SEOUL: South Korea’s main opposition party on Wednesday urged President Yoon Suk Yeol to resign immediately or face impeachment, hours after Yoon ended a short-lived martial law that prompted troops to encircle parliament before lawmakers voted to lift it.
Yoon’s senior advisers and secretaries offered to resign collectively and his Cabinet members, including Defense Minister Kim Yong Hyun, were also facing calls to step down, as the nation struggled to make sense of what appeared to be a poorly-thought-out stunt.
In the capital, tourists and residents walked around, traffic and construction were heard, and other than crowds of police holding shields, it seemed like a normal sunny, cold December morning.
On Tuesday night, Yoon abruptly imposed the emergency martial law, vowing to eliminate “anti-state” forces after he struggled to push forward his agenda in the opposition-dominated parliament. But his martial law was effective for only about six hours, as the National Assembly voted to overrule the president. The declaration was formally lifted around 4:30 a.m. during a Cabinet meeting.
The liberal opposition Democratic Party, which holds a majority in the 300-seat parliament, said Wednesday that its lawmakers decided to call on Yoon to quit immediately or they would take steps to impeach him.
“President Yoon Suk Yeol’s martial law declaration was a clear violation of the constitution. It didn’t abide by any requirements to declare it,” the Democratic Party said in a statement. “His martial law declaration was originally invalid and a grave violation of the constitution. It was a grave act of rebellion and provides perfect grounds for his impeachment.”
Impeaching him would require support from two-thirds of the parliament, or 200 of its 300 members. The Democratic Party and other small opposition parties together have 192 seats. But when the parliament rejected Yoon’s martial law declaration in a 190-0 vote, 18 lawmakers from Yoon’s ruling People Power Party cast ballots supporting the rejection, according to National Assembly officials. The leader of the People Power Party, Han Dong-hun, who has long ties with Yoon dating to their days as prosecutors, criticized Yoon’s martial law declaration as “unconstitutional.” If Yoon is impeached, he’ll be stripped of his constitutional powers until the Constitutional Court can rule on his fate. Prime Minister Han Duck-soo, the No. 2 position in the South Korean government, would take over his presidential responsibilities. As calls mounted for Yoon’s Cabinet to resign, Han issued a public message pleading for patience and calling for Cabinet members to “fulfill your duties even after this moment.”
Yoon’s martial law declaration, the first of its kind in more than 40 years, harkened to South Korea’s past military-backed governments when authorities occasionally proclaimed martial law and other decrees that allowed them to station combat soldiers, tanks and armored vehicles on streets or at public places like schools to prevent anti-government demonstrations. Such scenes of military intervention had not been seen since South Korea achieved a genuine democracy in the late 1980s until Tuesday night.
After Yoon’s declaration, troops carrying full battle gear, including assault rifles, tried to keep protesters away from the National Assembly as military helicopters flew overhead and landed nearby. One soldier pointed his assault rifle at a woman who was among protesters outside the building demanding that the martial law be lifted.
It wasn’t clear how the 190 lawmakers were able to enter a parliamentary hall to vote down Yoon’s martial law decree. Opposition leader Lee Jae-myung livestreamed himself climbing over the wall, and while troops and police officers blocked some from entering they didn’t aggressively restrain or use force against others.
No major violence has been reported. The troops and police personnel were later seen leaving the grounds of the National Assembly after the parliamentary vote to lift the martial law. National Assembly Speaker Woo Won Shik said: “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military.”
Han, the People Power Party leader, demanded that Yoon explain his decision and fire Defense Minister Kim Yong Hyun, who he said recommended the martial law decree to Yoon. The Defense Ministry has not commented.
Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to restrict the freedom of press, assembly and other rights to maintain order. Many observers question whether South Korea is currently in such a state.
The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote.
Some experts say Yoon clearly violated the constitution in how he imposed martial law. While martial law allows “special measures” to restrict individual freedoms and the authority of agencies and courts, the constitution does not permit the functions of parliament to be restricted. But in following Yoon’s declaration on Tuesday, South Korea’s military proclaimed parliamentary activities were suspended and deployed troops to try to block lawmakers from entering the National Assembly.
Park Chan-dae, the Democratic Party’s floor leader, called for Yoon to be immediately investigated on charges of rebellion over the way he deployed troops to the parliament. While the president mostly enjoys immunity from prosecution while in office, the protection does not extend to alleged rebellion or treason.
In Washington, the White House said the US was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government.
Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 US service members based in South Korea.
In Seoul, the streets seemed busy like a normal day Wednesday.
Tourist Stephen Rowan, from Brisbane, Australia, who was touring Gyeongbokgung Palace, said he was not concerned at all.
“But then again, I don’t understand too much about the political status in Korea,” he said. “But I hear they are now calling for the current president’s resignation, so ... apparently there’s going to be a lot of demonstrations. ... I would have been concerned if martial law had stayed enforced.”
Yoon’s government and ruling party have been embroiled in an impasse with the Democratic Party over next year’s budget bill and a Democratic Party-led attempt to to impeach three top prosecutors.
During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. North Korea had no immediate comments.
Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy” that followed a “worrying trend of abuse” since he took office in 2022.
South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, who was ousted from office and imprisoned for bribery and other crimes in 2017. She was later pardoned.


South Korean President Yoon is urged to resign or face impeachment over martial law

South Korean President Yoon is urged to resign or face impeachment over martial law
Updated 04 December 2024
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South Korean President Yoon is urged to resign or face impeachment over martial law

South Korean President Yoon is urged to resign or face impeachment over martial law
  • On Tuesday night, Yoon abruptly imposed emergency martial law
  • The National Assembly voted to overrule the president within six hours 

SEOUL: South Korea’s main opposition party on Wednesday urged President Yoon Suk Yeol to resign immediately or face impeachment, hours after Yoon ended short-lived martial law that prompted troops to encircle parliament before lawmakers voted to lift it.
Yoon didn’t make any immediate public response to the opposition’s demand. But his office said senior presidential advisers and secretaries for Yoon offered to resign collectively and the president also put off his official Wednesday morning schedule.
In the capital, tourists and residents walked around, traffic and construction were heard, and other than crowds of police holding shields, it seemed like a normal sunny, cold December morning.
On Tuesday night, Yoon abruptly imposed the emergency martial law, vowing to eliminate “anti-state” forces after he struggled to push forward his agenda in the opposition-dominated parliament. But his martial law was effective for only about six hours, as the National Assembly voted to overrule the president. The declaration was formally lifted around 4:30 a.m. during a Cabinet meeting.
The liberal opposition Democratic Party, which holds a majority in the 300-seat parliament, said Wednesday that its lawmakers decided to call on Yoon to quit immediately or they would take steps to impeach him.
“President Yoon Suk Yeol’s martial law declaration was a clear violation of the constitution. It didn’t abide by any requirements to declare it,” the Democratic Party said in a statement. “His martial law declaration was originally invalid and a grave violation of the constitution. It was a grave act of rebellion and provides perfect grounds for his impeachment.”
Impeaching him would require support from two-thirds of the parliament, or 200 of its 300 members. The Democratic Party and other small opposition parties together have 192 seats. But when the parliament rejected Yoon’s martial law declaration in a 190-0 vote, 18 lawmakers from Yoon’s ruling People Power Party cast ballots supporting the rejection, according to National Assembly officials.
If Yoon is impeached, he’ll be stripped of his constitutional powers until the Constitutional Court can rule on his fate. Prime Minister Han Duck-soo, the No. 2 position in the South Korean government, would take over his presidential responsibilities.
Yoon’s martial law declaration, the first of its kind in more than 40 years, harkened to South Korea’s past military-backed governments when authorities occasionally proclaimed martial law and other decrees that allowed them to station combat soldiers, tanks and armored vehicles on streets or at public places like schools to prevent anti-government demonstrations. Such scenes of military intervention had not been seen since South Korea achieved a genuine democracy in the late 1980s until Tuesday night.
After Yoon’s declaration, troops carrying full battle gear, including assault rifles, tried to keep protesters away from the National Assembly as military Blackhawk helicopters flew overhead and landed nearby. One soldier pointed his assault rifle at a woman who was among protesters outside the building demanding that the martial law be lifted.
It wasn’t clear how the 190 lawmakers were able to enter a parliamentary hall to vote down Yoon’s martial law decree. Some reportedly climbed over walls, and while troops and police officers blocked some from entering they didn’t aggressively restrain or use force against others.
No major violence has been reported. The troops and police personnel were later seen leaving the ground of the National Assembly after the parliamentary vote to lift the martial law. National Assembly Speaker Woo Won Shik said: “Even with our unfortunate memories of military coups, our citizens have surely observed the events of today and saw the maturity of our military.”
Ruling People Power Party Han Dong-hun demanded that Yoon explain his decision and fire Defense Minister Kim Yong Hyun, who he said recommended the martial law decree to Yoon. The Defense Ministry has not commented.
Under South Korea’s constitution, the president can declare martial law during “wartime, war-like situations or other comparable national emergency states” that require the use of military force to restrict the freedom of press, assembly and other rights to maintain order. Many observers question whether South Korea is currently in such a state.
The constitution also states that the president must oblige when the National Assembly demands the lifting of martial law with a majority vote.
In Washington, the White House said the US was “seriously concerned” by the events in Seoul. A spokesperson for the National Security Council said President Joe Biden’s administration was not notified in advance of the martial law announcement and was in contact with the South Korean government.
Pentagon spokesman Maj. Gen. Pat Ryder said there was no effect on the more than 27,000 US service members based in South Korea.
In Seoul, the streets seemed busy like a normal day. Tourist Stephen Rowan, from Brisbane, Australia, who was touring Gyeongbokgung Palace, said he was not concerned at all.
“But then again, I don’t understand too much about the political status in Korea,” he said. “But I hear they are now calling for the current president’s resignation, so ... apparently there’s going to be a lot of demonstrations. ... I would have been concerned if martial law had stayed enforced.”
Yoon’s government and ruling party have been embroiled in an impasse with the Democratic Party over next year’s budget bill and a Democratic Party-led attempt to to impeach three top prosecutors.
During his televised announcement, Yoon also described the opposition as “shameless pro-North Korean anti-state forces who are plundering the freedom and happiness of our citizens.” He did not elaborate. North Korea has no immediate comments.
Natalia Slavney, research analyst at the Stimson Center’s 38 North website that focuses on Korean affairs, said Yoon’s imposition of martial law was “a serious backslide of democracy” that followed a “worrying trend of abuse” since he took office in 2022.
South Korea “has a robust history of political pluralism and is no stranger to mass protests and swift impeachments,” Slavney said, citing the example of former President Park Geun-hye, who was ousted from office and imprisoned for bribery and other crimes in 2017. She was later pardoned.


US Republicans eye two-step Trump legislative agenda

US Republicans eye two-step Trump legislative agenda
Updated 04 December 2024
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US Republicans eye two-step Trump legislative agenda

US Republicans eye two-step Trump legislative agenda

WASHINGTON: Republicans in the US Congress are discussing a two-step plan to push ahead on President-elect Donald Trump’s agenda when they take control of both chambers next year, potentially starting with border security, energy and defense before turning to tax cuts.
Incoming Senate Majority Leader John Thune, whose Republicans will hold a 53-47 majority, laid out a plan in a closed-door party meeting on Tuesday that included a call from Trump himself. It aims to use a parliamentary maneuver to bypass the chamber’s “filibuster” rule that requires 60 senators to agree to advance most legislation.
According to the Senate plan, the first bill would focus on Trump’s agenda for border security, energy deregulation and defense spending, while the second would extend tax cuts from the 2017 Tax Cuts and Jobs Act passed during the first Trump presidency, which are due to expire next year.
Thune told reporters that the plan amounted to “options, all of which our members are considering.”
To enact Trump’s agenda, the Senate will have to work closely with the president-elect and the House of Representatives, which is expected to have a razor-thin Republican majority.
“We were always planning to do reconciliation in two packages. So we’re discussing right now how to allocate the various provisions, and we’re making those decisions over the next couple of days,” said House Speaker Mike Johnson, who joined Senate Republicans at their meeting.
“There are different ideas on what to put in the first package and what in the second, and we’re trying to build consensus around those ideas,” Johnson told reporters.
The speaker also said that he believes Congress in coming weeks will pursue a continuing resolution, or CR, that would fund federal agencies into March. Current funding is set to expire on Dec. 20.
Before moving a first reconciliation bill, the House and Senate will need to agree on a budget resolution to unlock the “reconciliation” tool they plan to use to bypass the filibuster. Aides said senators hope to do that by the end of January and then move quickly to complete the first bill by March 31.
“We have the trifecta for two years. About 18 months is all we’re really going to have to really get things done,” Republican Senator Mike Rounds told reporters.
Democrats also leaned heavily on reconciliation to pass legislation when they held control of both chambers during the first two years of President Joe Biden’s term.
Republican Senator Rand Paul, a fiscal hawk, raised concerns about the plan’s cost.
“This is not a fiscally conservative notion,” Paul said. “So at this point, I’m not for it, unless there are significant spending cuts attached.”
Extending Trump’s tax cuts for individuals and small businesses will add $4 trillion to the current $36 trillion in total US debt over 10 years.
Trump also promised voters generous new tax breaks, including ending taxes on Social Security, overtime and tip income and restoring deductions for car loan interest.
The tab is likely to reach $7.75 trillion above the CBO baseline over 10 years, according to the Committee for a Responsible Federal Budget, a non-partisan fiscal watchdog group.


Russia’s UN envoy accuses Ukraine of aiding militants in Syria

Russia’s UN envoy accuses Ukraine of aiding militants in Syria
Updated 04 December 2024
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Russia’s UN envoy accuses Ukraine of aiding militants in Syria

Russia’s UN envoy accuses Ukraine of aiding militants in Syria
  • Militants fighting with radical group Hayat Tahrir Al-Sham (HTS) “have not only not concealed the fact that they are supported by Ukraine, but they are also openly flaunting this,” Vassily Nebenzia told the Security Council

UNITED NATIONS, United States: Russia’s ambassador to the United Nations on Tuesday accused Ukrainian intelligence services of aiding militants fighting Syrian leader Bashar Assad’s government, saying some fighters were “openly flaunting” the association.
Militants fighting with radical group Hayat Tahrir Al-Sham (HTS) “have not only not concealed the fact that they are supported by Ukraine, but they are also openly flaunting this,” Vassily Nebenzia told the Security Council, saying there was an “identifiable trail” showing Ukraine’s GUR was “providing weapons to fighters” in northwest Syria.
 

 


Trump urges judge to dismiss hush money case due to election victory

Trump urges judge to dismiss hush money case due to election victory
Updated 04 December 2024
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Trump urges judge to dismiss hush money case due to election victory

Trump urges judge to dismiss hush money case due to election victory
  • Trump’s lawyers argue having the case loom over his four-year presidential term that begins on Jan. 20 would cause “unconstitutional impediments” to the Republican businessman-turned-politician’s ability to govern

NEW YORK: Donald Trump on Tuesday asked a New York state judge to dismiss the criminal case in which he was convicted in May of 34 felony counts involving hush money paid to a porn star in light of his victory in the Nov. 5 US presidential election.
Justice Juan Merchan last month delayed Trump’s previously scheduled Nov. 26 sentencing indefinitely to give him the chance to seek dismissal. Trump’s lawyers argue having the case loom over his four-year presidential term that begins on Jan. 20 would cause “unconstitutional impediments” to the Republican businessman-turned-politician’s ability to govern.
Prosecutors with Manhattan District Attorney Alvin Bragg’s office supported delaying the sentencing to give Trump the chance to make his case for dismissal, though they said they would oppose that bid. The prosecutors have until Dec. 9 to respond.
The judge has not indicated when he would rule on Trump’s motion to dismiss, and has not set a new date for sentencing. Bragg’s office has suggested he defer all proceedings in the case until Trump, 78, leaves the White House in 2029.
The New York case stemmed from a $130,000 payment Trump’s former lawyer Michael Cohen made to adult film actress Stormy Daniels for her silence before the 2016 election about a sexual encounter she has said she had a decade earlier with Trump, who denies it.
A Manhattan jury found Trump guilty of falsifying business records to cover up his reimbursement of Cohen. It was the first time a US president — former or sitting — had been convicted of or charged with a criminal offense.
Trump pleaded not guilty in the case, which he has sought to portray as a politically motivated attempt by Bragg, a Democrat, to interfere with his presidential campaign.
Falsification of business records is punishable by up to four years in prison. Before he was elected, experts said it was unlikely — but not impossible — that Trump would face time behind bars, with punishments such as a fine or probation seen as more likely.
Trump’s victory over Democratic Vice President Kamala Harris in the Nov. 5 election made the prospect of imposing a sentence of jail or probation even more politically fraught and impractical, given that a sentence could have impeded his ability to conduct the duties of the presidency.
Trump was charged in three additional state and federal criminal cases in 2023, one involving classified documents he kept after leaving office and two others involving his efforts to overturn his 2020 election loss.
He pleaded not guilty in all three cases. None have gone to trial.
A Washington judge on Nov. 25 dismissed the federal criminal case over his attempts to hold onto power. Prosecutors had moved to drop both that case and the classified documents case due to a Justice Department policy against prosecuting a sitting president.
Trump also faces state criminal charges in Georgia over his bid to reverse his 2020 loss in that state, but that case remains in limbo.
As president, Trump would have no power to shut down the New York or Georgia cases because they were filed in state courts.
Trump in November nominated his defense lawyers in the hush money case, Todd Blanche and Emil Bove, to serve senior roles at the Justice Department during his administration.